ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%

Price spread now: Polymarket Perps against SoDEX+0.090%49s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.171% of the position

Long on SoDEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.090%, 7d avg +0.025%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.065% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,777.6	0.0075	pay 0.0009% / 1h	22m 24s	$55.3M	$228.9M	40x
Short	Polymarket Perps ETH-USD	2,780.1	0.0100	get 0.0013% / 1h	22m 24s	$10.8M	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.090%Rate

Funding earned: $5.22
Price spread: +0.090% → +0.025%: $6.52
Slippage, 4 orders: −$1.08
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$5.34
Costs to cover: 0.171%
Break-even: 14.2 days

Slippage from SoDEX: live order book, 2 min ago; Polymarket Perps: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 2 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	6.0 bp −$598	35.9 bp −$17.9K
Sell Polymarket Perps live order book, 2 min ago	0.36 bp	4.4 bp −$4	5.4 bp −$54	13.9 bp −$1,387	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,778.7	+0.040%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,778.9	+0.046%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,779.2	+0.058%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,771.8	−0.209%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,779	+0.050%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0022%	1h	2,776	−0.059%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,779.1	+0.055%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,773.9	−0.133%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,780.2	+0.094%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0017%	8h	2,779.5	+0.069%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0017%	8h	2,778.2	+0.020%	$270.1M	$68.7M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,779.4	+0.064%	$1.71B	$11.90B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,779.9	+0.084%	$13.0M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,779.6	+0.072%	$256.9M	$991.8M	200x	as long as short
Bullet ETH-USD	+0.0038%	1h	2,778.7	+0.039%	$181K	$1.7M	20x	as long as short
Nado ETH-PERP	+0.0058%	1h	2,778.8	+0.042%	$14.4M	$118.2M	50x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,778.9	+0.046%	$1.62B	$2.67B	500x	as long as short
Binance ETHUSDT	+0.0062%	8h	2,779.7	+0.075%	$6.44B	$17.19B	150x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,776.6	−0.035%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0070%	8h	2,778.9	+0.046%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0074%	8h	2,779.6	+0.071%	$3.29B	$9.64B	200x	as long as short
SoDEX ETH-USDlong	+0.0075%	1h	2,777.6	long leg	$55.3M	$228.9M	40x
Deribit ETH-PERPETUAL	+0.0085%	1h	2,779.1	+0.054%	$258.4M	$222.3M	50x	as long as short
ApeX Omni ETHUSDT	+0.0091%	1h	2,773.6	−0.144%	$8.8M	$32.6M	100x	as long as short
Bybit ETHUSDT	+0.0092%	8h	2,779.6	+0.071%	$2.52B	$4.62B	150x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,778	+0.014%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,778.1	+0.016%	$115.4M	$501.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,779.5	+0.070%	$25.4M	$121.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,778.5	+0.034%	—	$41.6M	500x	as long as short
KuCoin ETHUSDTM	+0.0097%	8h	2,779.2	+0.057%	$423.4M	$739.4M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,778.7	+0.041%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,779.1	+0.054%	$478K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,781.4	+0.137%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.9	+0.047%	$31.2M	$299.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777.9	+0.011%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,780.7	+0.110%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,767.4	−0.366%	$166.0M	$246.7M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,778	+0.013%	$15.2M	$44.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,771.9	−0.205%	$137.1M	$324.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.2	−0.195%	$181.4M	$782.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,775	−0.092%	$161.4M	$91.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,778.5	+0.032%	$21.4M	$58.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,778.9	+0.048%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USDshort	+0.0100%	1h	2,780.1	+0.090%	$10.8M	$7.6M	50x
Bluefin ETH-PERP	+0.0100%	1h	2,780.2	+0.093%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.7	+0.077%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,776.4	−0.042%	$974K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,778.6	+0.037%	$32.6M	$77.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,779	+0.049%	$59.9M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0124%	8h	2,778	+0.014%	$8.4M	$678.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,782.1	+0.162%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,778.9	+0.045%	$86.1M	$332.0M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,777.3	−0.010%	$285.7M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0192%	1h	2,778.8	+0.042%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	2,778.5	+0.032%	$271K	$1.5M	20x	as long as short